Industrial Safety Footwear Market Trend and Forecast Till 2030

1. Industrial Safety Footwear Market Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030

2. The industrial safety market is set to witness a noticeable growth rate through 2030, as a result of the increasing innovation of safety shoes designed with EVA (ethyl-vinyl acetate) and TPU (thermoplastic polyurethane) materials. • The significant expansion of the manufacturing sector is slated to enhance business development, especially in emerging nations. • The S&P Global India Manufacturing PMI (Purchasing Managers' Index) increased from 54 in March 2022 to 54.7 in April 2022, indicating a sustained recovery of the manufacturing sector from the COVID-19 disruptions. This rise in manufacturing activities is expected to contribute to the robust demand for safety steel toe shoes and other footwear among industry workers. • Due to an increase in globalization, industrial output, and high standards of industrial production, the health and safety of workers are expected to take the center stage in employee rights efforts worldwide. • With the burgeoning consumerism, the rate of work-related injuries has also increased nearly ten times, mainly among employees. To that end, the need for mandatory safety footwear at workplaces has grown to ensure the safety of workers, which may prove beneficial for industrial safety footwear market progress. • The industrial safety footwear market is bifurcated in terms of product, application, material, and regional landscape.

3. In terms of product, the overall market is categorized into shoes and boots. Among these, the boots segment is projected to amass considerable profits over the forecast period, owing to the emergence of steel toe boots as a preferred choice for workers in potentially dangerous work environments. With regards to application, the industry is segregated into oil and gas, fishery, construction, agriculture, and mining. The fishery segment among these is slated to reach a valuation of over USD 430 million by 2030, given the growing awareness regarding nutritional benefit of fish, alongside widespread availability of fishing boots that are slip-resistant, lightweight, and waterproof. With respect to material, the industrial safety footwear market is divided into PVC, rubber, leather, and PU. The PVC material segment is expected to reach more than 85 million pairs in volume by 2030, given its easy availability and low costs. From a regional frame of reference, the MEA industrial safety footwear industry is poised to depict a CAGR of 2.8% CAGR through 2030. This growth is driven by the immense opportunities for automobile production, new technological developments, and aftermarket products in the region. Likewise, North America is set to become a prominent hub for industrial safety footwear suppliers over the forecast spell, owing to the growing awareness and stringent mandates requiring the provision of sturdy gear for worker safety.

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